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United Kingdom

Gulf Keystone Petroleum Ltd (GKP.L)

GKP.L on London Stock Exchange

226.00GBp
24 May 2019
Change (% chg)

1.00 (+0.44%)
Prev Close
225.00
Open
225.50
Day's High
231.50
Day's Low
225.00
Volume
533,292
Avg. Vol
826,793
52-wk High
303.50
52-wk Low
164.75

Latest Key Developments (Source: Significant Developments)

Gulf Keystone Petroleum Says On Track For 55,000 BOPD In Q1 2020
Thursday, 28 Mar 2019 

March 28 (Reuters) - Gulf Keystone Petroleum Ltd ::GULF KEYSTONE PETROL - 2018 FULL YEAR RESULTS.ON TRACK FOR 55,000 BOPD IN Q1 2020.FY REVENUE OF $250.6 MILLION VERSUS $172.4 MILLION.FY EBITDA OF $149.3 MILLION VERSUS $104.3 MILLION LAST YEAR.GULF KEYSTONE PETROLEUM - COMPANY ANTICIPATES BEING FULLY FUNDED FOR ALL PHASES OF SHAIKAN EXPANSION PROGRAMME UNDER ITS CURRENT SET OF ASSUMPTIONS.TO PAY AN ORDINARY DIVIDEND ON ORDINARY SHARES OF $25 MILLION IN 2019.GULF KEYSTONE PETROLEUM - BOARD IS ALSO PROPOSING TO COMPLEMENT ORDINARY DIVIDEND IN 2019 WITH $25 MILLION SUPPLEMENTAL DIVIDEND TO SHAREHOLDERS.FULL YEAR GROSS AVERAGE PRODUCTION OF 31,563 BOPD, AT UPPER END OF GUIDANCE.FY PROFIT FROM OPERATIONS $78.2 MILLION VERSUS $24.1 MILLION AS REPORTED LAST YEAR.IN 2019, GROSS CAPEX ASSOCIATED WITH 55,000 BOPD PHASE OF BETWEEN $130 MILLION AND $150 MILLION.GROSS PRODUCTION GUIDANCE FOR 2019 UNCHANGED AT 32,000 - 38,000 BOPD.  Full Article

Taconic Capital Says Has Sold 23 Mln Shares In Gulf Keystone
Friday, 25 May 2018 

May 25 (Reuters) - Taconic Capital ::HAS SOLD 23 MILLION SHARES IN GULF KEYSTONE, OR 10 PERCENT OF OUTSTANDING SHARES, AT 195P PER SHARE IN CONNECTION WITH CONTEMPLATED PLACING.TACONIC CAPITAL- HOLDS 8,134,938 SHARES IN GULF KEYSTONE THAT IS SUBJECT TO A 3 MONTHS LOCK-UP AGREEMENT ENTERED INTO BETWEEN TACONIC & PARETO SECURITIES.  Full Article

Gulf Keystone Petroleum reports FY Net Profit Of $14.1 Mln
Wednesday, 11 Apr 2018 

April 11 (Reuters) - Gulf Keystone Petroleum Ltd ::FY REVENUE 172 MILLION USD VERSUS 194 MILLION USD YEAR AGO.FY REVENUES $172 MILLION VERSUS $194 MILLION YEAR AGO.AVERAGE GROSS PRODUCTION OF 35,298 BARRELS OF OIL PER DAY ("BOPD") - IN MIDDLE OF 32,000-38,000 BOPD GUIDANCE FOR YEAR.SHAIKAN PRODUCTION FOR Q1 2018 AVERAGED 31,588 BOPD.FY NET PROFIT OF $14.1 MILLION VERSUS NET LOSS OF $17.4 MILLION.GROSS PRODUCTION GUIDANCE FOR 2018 IS SET AT 27,000-32,000 BOPD.SAYS RECORDS FY PROFIT FOR FIRST TIME SINCE ENTRY TO KURDISTAN.SUBJECT TO FINALISING CERTAIN COMMERCIAL AND CONTRACTUAL MATTERS, COMPANY IS READY TO RESUME INVESTMENT INTO SHAIKAN IN 2018.CASH BALANCE OF $160 MILLION AS AT 31 DECEMBER 2017 VERSUS 2016 BALANCE OF $93 MILLION.CRUDE OIL SALES AGREEMENT IS "IMPORTANT COMMERCIAL EVENT AND MOVES BUSINESS CLOSER TO FINALISING COMMERCIAL NEGOTIATIONS WITH MNR".GROSS TOTAL PRODUCTION FOR 2017 INCREASED BY 1.4% COMPARED WITH 2016 AT 12.9 MMSTB VERSUS 12.7 MMSTB IN 2016.RECEIVED PAYMENTS IN Q1 2018 FROM KRG TOTALLING $75.1 MILLION GROSS VERSUS $59.3 MILLION NET.  Full Article

Gulf Keystone Petroleum Gets Gross Payment of $21.5 mln From Kurdistan Regional Government
Thursday, 22 Mar 2018 

March 22 (Reuters) - Gulf Keystone Petroleum Ltd ::GULF KEYSTONE PETROLEUM - GROSS PAYMENT OF $21.5 MILLION ($17.0 MILLION NET TO GKP) RECEIVED FROM KURDISTAN REGIONAL GOVERNMENT FOR SHAIKAN CRUDE OIL SALES FOR DEC 2017​.  Full Article

Gulf Keystone Petroleum ‍Signs Crude Oil Sales Deal With Kurdistan Govt​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Gulf Keystone Petroleum Ltd ::‍CRUDE OIL SALES AGREEMENT HAS BEEN SIGNED BETWEEN CO ON BEHALF OF SHAIKAN CONTRACTORS, AND KURDISTAN REGIONAL GOVERNMENT​.‍KRG TO PURCHASE SHAIKAN CRUDE OIL AT MONTHLY AVERAGE DATED BRENT OIL PRICE MINUS TOTAL OF C.$22 PER BARREL FOR QUALITY DISCOUNT.‍AGREEMENT IS EFFECTIVE FROM 1 OCTOBER 2017 UNTIL 31 DECEMBER 2018​.‍CONTINUES ITS DISCUSSIONS WITH KRG'S MINISTRY OF NATURAL RESOURCES ON TERMS OF A POTENTIAL 2 ND PSC AMENDMENT​.  Full Article

Gulf Keystone says on track to meet FY guidance of 32,000-38,000 bopd
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Gulf Keystone Petroleum Ltd ::GULF KEYSTONE PETROLEUM LTD - ‍OPERATIONS UPDATE​.GULF KEYSTONE PETROLEUM LTD - ‍CONFIRMS THAT ITS OPERATIONS IN KURDISTAN CONTINUE SAFELY​.GULF KEYSTONE PETROLEUM LTD - ‍ACHIEVED AVERAGE PRODUCTION OF 34,525 BOPD FROM SHAIKAN SINCE BEGINNING OF OCTOBER 2017​.GULF KEYSTONE - "‍SHAIKAN IS PERFORMING AS EXPECTED WITH CUMULATIVE PRODUCTION FROM FIELD NOW AT 42.4 MILLION BARRELS, AN AVERAGE OF 35,966 BOPD IN 2017​".GULF KEYSTONE PETROLEUM LTD - ‍COMPANY IS ON TRACK TO MEET GROSS PRODUCTION GUIDANCE OF 32,000-38,000 BOPD FOR YEAR​.GULF KEYSTONE PETROLEUM LTD - ‍"SHAIKAN CRUDE PRODUCTION IS STILL BEING EXPORTED VIA TRUCKS TO TURKEY​".GULF KEYSTONE PETROLEUM LTD - ‍"TRUCKING OPERATIONS CONTINUE UNINTERRUPTED WITH APPROXIMATELY 200 TRUCKS LOADED DAILY​".GULF KEYSTONE PETROLEUM LTD - ‍CURRENT CASH POSITION IS $147.2 MILLION​.  Full Article

Gulf Keystone Petroleum posts HY basic EPS 0.29 CENTS
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - Gulf Keystone Petroleum Ltd :GROSS PRODUCTION OF C.35,350 BOPD IN Q3 2017 SO FAR, GROSS PRODUCTION GUIDANCE FOR 2017 REMAINS AT 32,000-38,000 BOPD..HY REVENUE $78.3 MILLION VERSUS $102.1 YEAR AGO.COMPANY IS PROGRESSING IN ITS ONGOING DISCUSSIONS WITH MNR REGARDING COMMERCIAL AND CONTRACTUAL CONDITIONS.HY BASIC EARNINGS PER SHARE 0.29 CENTS.TO MAKE FURTHER INVESTMENTS TO MAINTAIN PLATEAU PRODUCTION AT NAMEPLATE CAPACITY OF 40,000 BOPD WITH A VIEW TO INCREASING TO 55,000 BOPD.  Full Article

Gulf Keystone receives Shaikan payment for April 2017
Monday, 14 Aug 2017 

Aug 14 (Reuters) - GULF KEYSTONE PETROLEUM LTD ::NOTIFIED BY KURDISTAN REGIONAL GOVERNMENT OF GROSS PAYMENT OF $15.0 MILLION AUTHORISED FOR SHAIKAN CRUDE OIL EXPORT SALES FOR APRIL 2017.ON AUGUST 8 TH , CUMULATIVE PRODUCTION FROM SHAIKAN FIELD REACHED 40 MILLION BARRELS.SHAIKAN FIELD CONTINUES TO PERFORM IN LINE WITH EXPECTATIONS; AVERAGE DAILY PRODUCTION OF 36,671 BOPD DURING H1 2017.REMAINS ON COURSE TO ACHIEVE ITS PREVIOUS GROSS PRODUCTION GUIDANCE OF BETWEEN 32,000 - 38,000 BOPD FOR FULL YEAR.  Full Article

UPDATE 1-UK Stocks-Factors to watch on March 28

March 28 Britain's FTSE 100 is seen opening 12 points higher at 7,206 on Thursday, according to financial bookmakers, while FTSE 100 futures were up 0.35 percent ahead of the cash market open. * Arbuthnot: Arbuthnot Banking Group said on Thursday it has drawn up plans to ensure uninterrupted payments for its customers in the European Union through the pan-European payments system SEPA, when Britain leaves the 28-member bloc. * MITIE: British outsourcer Mitie Group Plc said on Thursda